1. Budgeting on an AmeriCorps Stipend
Claudia Holt
Financial Coach
Emerge community Development
Intro
How many of you already have a written budget for your monthly spending?

2. Why do we budget?
Income – Expenses = ??

3. Put your money where your values are.

4. Tracking Accomplishes two things: Accountability Analysis
Be as comprehensive as possible!
Don’t forget annual or semi-annual expenses
Ways to track:
Apps
Save receipts
Spreadsheets
Use bank statements
Paper and pencil
Put everything on a credit card*

5. Types of budgets Line item budget Envelope budget One number budget
Percentage budget

6. Tips and Tools Develop a system How will you stay accountable?
Be more proactive than reactive
Think about both income and expenses
Practice delayed gratification
Use your resources
Get creative!
Be ready to make some hard decisions
Review and revise regularly

7. Questions?